Corporations internalize profits while externalizing risks onto the poor global South

Evidence

If Chernobyl’s “foreign burden” is an inheritance from an evaporated empire, we may read Khaufpur’s burden rather differently as the weight of absentee corporate colonialism, whereby transnational companies internalize profits and externalize risks, particularly in impoverished regions of the global South. — Rob Nixon, Slow Violence and the Environmentalism…, 137

Categorization

• DEFINE: ‘Absentee corporate colonialism’ names the mechanism cleanly and would anchor a definition used across the eco-justice course.
• XREF: connects to: Finance colonizes global South elites and American urban poor via intermediaries — Max Haiven, Cultures of Financialization, 153; Short-term profit incentives override distant and slowly accumulating environmental harms; Multinational corporate control of African economies is today’s imperialism — Wael Hallaq, Restating Orientalism: A Critique of…, 367 (+5 more)

Broader Connections

• Global supply-chain efficiency transfers ecological costs onto the world’s most vulnerable people #corroborates (0.94) — Max Haiven, Cultures of Financialization, 306
• Multinational corporate control of African economies is today’s imperialism #exemplifies (0.82) — Wael Hallaq, Restating Orientalism, 367
• Corporate privatization of water and seeds erodes local communities’ decision-making power #exemplifies (0.80) — Rebecca A. Martusewicz, Jeff Edmundson, and John Lupinacci, EcoJustice Education, 223
• Finance colonizes global South elites and American urban poor via intermediaries #expands (0.78) — Max Haiven, Cultures of Financialization, 153
• Lost profits privatize while losses nationalize in statist capitalism. #corroborates (0.78) — Antonio Gramsci, Selections from the Prison Notebooks, 1153
• Globalization critiques center the inequitable distribution of both goods and bads #expands (0.75) — David Schlosberg, Defining Environmental Justice, 287
• Corporate performance pressure causes labor violations that companies then externalize as managerial fault #expands (0.75) — Max Haiven, Cultures of Financialization, 291
• Short-term profit incentives override distant and slowly accumulating environmental harms #qualifies (0.72)